Jun Kil, Suk Chang pay $3M for retail in Queens Village

Jun Bum Kil and Suk Nyo Chang through the entity 216 Hillside LLC paid $3 million to the Zirinsky family through the entity Hillside Metro Associates LLC for the retail building (K1) at 216-20 Hillside Avenue in Queens Village, Queens. The expected use is owner-occupied, for the grocery store John’s Farm Market.
The deal closed on June 5, 2026 and was recorded on June 18, 2026. The property has 4,500 square feet of built space and 4,440 square feet of additional air rights for a total buildable of 9,000 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $666 and the price per buildable square foot is $333 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for Cynthia Zirinsky was Jerome L. Levine, Cynthia Eckes , Susan Zirinsky, John Zirinsky , and William Zirinsky. The signatory for Jun Bum Kil and Suk Nyo Chang was Jun B. Kil . The contract date was May 14, 2026. The sellers are the descendants of the married couple Richard William Zirinsky who died in 2002 and Cynthia (Finkelstein) Zirinsky who died in 2024 at the age of 95. The buyers own John’s Farm Market which operates at the location, and several other locations.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Jun Bum Kil had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Cynthia Zirinsky had not purchased any other properties and had not sold any properties over the same time period. The 4,500-square-foot property generated revenue of $219,330 or $49 per square foot, according to the most recent income and expense figures.

The property

The retail building in Queens Village has 4,500 square feet of built space and 4,440 square feet of additional air rights for a total buildable of 9,000 square feet according to a PincusCo analysis of city data. The parcel has frontage of 100 feet and is 120 feet deep with a total lot size of 12,000 square feet. The zoning is R2 which allows for up to 0.5 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $925,000.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has received $700 in OATH penalties in the last year.

Development

There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The neighborhood

In Queens Village, The bulk, or 26 percent of the 4.9 million square feet of commercial built space are specialty buildings, with mixed-use buildings next occupying 23 percent of the space. In sales, Queens Village has the 32nd highest sale turnover among other neighborhoods in Queens with $38.5 million in sales volume in the last two years. For development, Queens Village has had very little major development activity relative to other neighborhoods.It had 375,659 square feet of commercial and multi-family construction under development in the last two years, which represents 8 percent of the neighborhood’s built space.

The block

There are no active new building construction projects on this tax block.

All properties are retail.

The buyer

The PincusCo database currently indicates that Jun Bum Kil owned at least two commercial properties in New York City with 17,577 square feet and a PincusCo-determined asset value of $6.8 million. Within the portfolio, all identified are retail properties.

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